May 23: Pakistan stocks slumped the most in almost two years, with all equities on the benchmark index falling, after the central bank unexpectedly raised interest rates to tame inflation at a 25-year high.
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State Bank of Pakistan (SBP) has halted indefinitely all exchange companies from exporting British Pound, Euro and Dirham, meanwhile, the dollar in open market still got costlier.
In May, 1948 Muhammad Ali Jinnah (Founder of Pakistan) took steps to establish the State Bank of Pakistan immediately.
Pakistan | U.S. state | Georgia (U.S. state) | São Paulo (state) | Secretary of State | Washington (U.S. state) | state | World Bank | United States Department of State | Moscow State University | United States Secretary of State | Ohio State University | Michigan State University | New York State Assembly | Bank of America | State Senator | New York State Senate | West Bank | Rio de Janeiro (state) | Louisiana State Legislature | Iowa State University | Pennsylvania State University | Louisiana State University | Santa Catarina (state) | Florida State University | Paraná (state) | Deutsche Bank | Vienna State Opera | Oregon State University | California State Assembly |
Most of the headquarters of Pakistan's financial institutions are located on the I. I. Chundrigar Road, including the State Bank of Pakistan which is Pakistan's central bank, major Banks like Habib Bank Plaza, MCB Tower, National Bank of Pakistan, Bank Al-Falah, Standard Chartered Bank, CitiBank, etc.